Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case

Manuel, Eduardo (2006): Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case. Published in: Social Science Research Network (16. April 2007)

Abstract

This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years.

We concluded that the true form of Phillips curve for short and long-run will not be verified always that exist equal evolution of their variables or for others words, always that inflation and unemployment rates growing to same direction, in both regions or in any region, the Phillips curve never will have their normal form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and when inflation rate is growing and unemployment doesn't (in the long-run).

• Item Type: MPRA Paper
• Language: English
• Keywords: Phillips curve; Inflation; Unemployment
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E23 - Production; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation; A - General Economics and Teaching > A2 - Economics Education and Teaching of Economics > A22 - Undergraduate; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E29 - Other; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E13 - Neoclassical; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes; Keynesian; Post-Keynesian; A - General Economics and Teaching > A2 - Economics Education and Teaching of Economics > A23 - Graduate